The real estate market chart above indicates a return to a more balanced market, with Buyers and Sellers having an equal hand at the negotiating table; however, desirable homes in sought after locations are still experiencing multiple offers. As the days get longer, the number of listings and sales will continue to rise.
February 2024 Statistics:
For detailed information, visit Comox Valley Real Estate Statistics or contact me directly.
Interest rate remains unchanged
The Bank of Canada announced its key overnight lending rate will remain at 5% on March 5, 2024. This is the 5thh consecutive announcement where interest rates have remained unchanged. Many economists feel interest rates will start to decline in the second half of 2024.
To help understand and analyze how changes in interest rates affect your mortgage, please visit: my mortgage calculator
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Mount Washington Alpine Resort is open daily until April 7, 2024 for skiing, snowboarding, nordic, fat tire biking and the Tube Park. There is night skiing on Friday to Sunday until 9pm.
The mountain has been getting great snowfalls in March! For current information and snow conditions, visit www.mountwashington.ca
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